1 week Ago By Defense World Staff
Shares of Marqeta, Inc. ( NASDAQ:MQ – Get Free Report ) have received an average recommendation of “Hold” from the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.
The average 12 month target price among brokerages that have covered the stock in the last year is $5.75. MQ has been the topic of several recent research reports.
KeyCorp cut Marqeta from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. Morgan Stanley dropped their price objective on shares of Marqeta from $7.00 to $5.
00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. Barclays restated an “equal weight” rating and set a $4.00 target price (down previously from $5.
00) on shares of Marqeta in a research report on Tuesday, December 17th. William Blair downgraded shares of Marqeta from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded Marqeta from a “buy” rating to a “hold” rating and reduced their price target for the stock from $9.
00 to $4.00 in a research report on Tuesday, November 5th. View Our Latest Stock Analysis on Marqeta Hedge Funds Weigh In On Marqeta Marqeta Stock Performance NASDAQ MQ opened at $3.
77 on Friday. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 188.
50 and a beta of 1.52. Marqeta has a 52-week low of $3.
37 and a 52-week high of $7.36. The business has a 50 day simple moving average of $3.
83 and a 200 day simple moving average of $4.64. Marqeta ( NASDAQ:MQ – Get Free Report ) last released its quarterly earnings results on Monday, November 4th.
The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.
01). Marqeta had a return on equity of 1.20% and a net margin of 2.
86%. The firm had revenue of $127.90 million for the quarter, compared to analyst estimates of $128.
05 million. During the same period last year, the company earned ($0.07) EPS.
The company’s revenue was up 20.8% compared to the same quarter last year. On average, analysts predict that Marqeta will post 0.
06 EPS for the current year. About Marqeta ( Get Free Report Marqeta, Inc operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services. It offers its solutions in various verticals, including financial services, on-demand services, expense management, and e-commerce enablement, as well as buy now, pay later.
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